It is well past time that customers of JCP&L learn the truth about the rates they pay for electricity.
Three years ago, the New Jersey Rate Counsel ordered the Board of Public Utilities to have Jersey Central Power & Light open its books, based on evidence that it had been overcharging its customers. Since then, the BPU has been a silent bystander while the state’s second largest utilities company continues to rob over one million residents.
Along with AARP, the Rate Counsel and BPU have revealed that JCP&L customers are entitled to a rate decrease of over $200 million. The company has also made deep cuts to service reliability improvements while taking in additional funds for that very purpose. As utility rates and complaints about lackluster service increase, JCP&L is sending surplus funding to its sole shareholder, FirstEnergy.
Waiting any longer will only lose customers more money that can go towards other necessities like food and healthcare. We need the BPU to take a stand now by supporting the Rate Counsel’s push to set provisional rates that would be subject to refund as of August 1, 2014.
JCP&L customers deserve to be treated fairly. The BPU must do its job.
Professor Emeritus, Rutgers University
Monroe Twp., NJ